Larry Osterhoudt called the old Cyclone Racer "a thing of beauty," with "graceful arches" during his presentation to the council.
The proposal does not call for the city to spend money; Osterhoudt would get investors to build the thing.
In order to come up with specifications and a model, Osterhoudt used reverse engineering and a computer aided drafting program.
He estimated it would take $30 million to build and would bring $40 million per year in ticket receipts.
Councilwoman Gerrie Schipske urged the council to consider the proposal.
“We have an exciting opportunity to bring a bit of nostalgia to Long Beach but more importantly … the revenue that comes from … tourists.”
The councilwoman has said she believes that bringing back an iconic coaster could "potentially revitalize the Queensway Bay development and provide additional synergy for the Aquarium, Shoreline Village and Pine Avenue establishments."
Several speakers expressed support for bringing the Cyclone back to the beach.
Chris McComb said his daughter told him she would love to ride the roller coaster with him, as it was his favorite as a child but long gone for her childhood.
"The hope of it coming back to this city is really of great interest.
"Think of all the shared memories," McComb told the council.
In 1907, Long Beach got its first roller coaster, followed in 1915 with the opening of the Jackrabbit Racer near the foot of Cedar Avenue adjacent to the area known as Silver Spray Pier. The roller coaster extended over the ocean.
The ride was called “racer” because there were two cars on two separate tracks that raced each other. It is estimated that by the time the Cyclone Racer was closed in 1968, more than 30 million had taken rides on it.